Gold futures down on weak global cues - Times of India

The author has posted comments on this articlePTI | Jun 28, 2013, 11.59AM IST NEW DELHI: Amid a weak trend overseas, gold prices fell 0.92 per cent to Rs 25,267 per 10 gm in futures trade on Friday as speculators indulged in trimming positions. At the Multi Commodity Exchange, gold for delivery in far-month October contracts eased by Rs 235, or 0.92 per cent, to Rs 25,267 per 10 gm in business turnover of 134 lots. Likewise, the metal for delivery in August month contracts shed Rs 217, or 0.86 per cent, to Rs 25,158 per 10 gm in 2,967 lots. Analysts said a weak trend in the overseas markets, where gold dipped below 1,200 dollars an ounce to trade at nearly three-year low on persistent worries over the US Federal Reserve's plan to wind down its monetary stimulus, put pressure on the gold prices at futures trade here. Globally, gold fell 0.60 per cent, to USD 1,191.79 an ounce after touching a year low of 1,180.71 dollars in Singapore on Friday. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEJ2znPi7OlTJsh2_9cvOuGRGtVSA&url=http://timesofindia.indiatimes.com/business/india-business/Gold-futures-down-on-weak-global-cues/articleshow/20812067.cms

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